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<br /> ' ', .^��--^� � of Borrower's covenants and agreemea�ts under [his Securiry instrument and che Note. For this purpose, Bottowcr
<br /> irrevocabty granis and conveys to the 7'rustee, in trust,aith power of sale.�he fallowing describcd propeny located
<br /> in Nal l County,Ncbraska:
<br /> ' � Lot One (1), Block 7hirty-Two (32), John W. Lanbert's Addi tion •: 7,_.
<br /> ' ; to the City af Grand Island, Hal l County, Nebraska. ���=
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<br /> wtuch h,^.s the a�dress of 1221 E. 9th Str��et,Grand I sl and [s�«,c;ry�, 4-__..
<br /> � . NebrasYa 68801 (zip coae� ("Property rl�idress"); f��`~-..-.:-
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<br /> . ;':,:, TOGETHE[t W[TH all the ienprovements naw ox h�reafter erected on ahe proper[y, and all easemcnts, -�
<br /> ''����J appurtenances and fixtures now or hereafter a pan of the properry. All rPplacements and additions shall also be _
<br /> � covered by th;�s Security Instrument.Al]of the lfotegoing is referred to in this Security Instrument as the"Propercy," ,_
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<br />-• BORR�WER COVENANTS that Borrowea is lawfully setzed oT the esiaae Hcrcb �:i�nve ����+M�...�r. L to _
<br />_ . ��� grant and cu�avey the Property and tik�[the Praperty is uneacumbered,ex�cpi for encumbruices of record. Borrower _
<br />,,, ;; •. warrtu�ts and wilY defend gcnerally the tide to the Prope.rry against all claims and demands. subject to any
<br /> ;� ' � encumbrances of record. _
<br />_�`r'.•., . TH 3S SECU�ITY INSTEtUMENT combines uniform covenants for nfl3ional use and non-uniform covenants _
<br />- with li�ied variations by jurisdiction to constitute u uniform security insirwncnt covcring real properry.
<br /> - T•- . �orrower and Lender cov�nant and agree as fol7ows:
<br />.,.,. .,
<br /> �- . � UNIFORM COVENANTS.
<br /> _ � 1. �yment af Princtpal, Interest aws7 II.nte Churge. Bonower shall pay when duc the principal of, and '�°
<br />'�'�°�:•�k�= interest on,ttae debt evidenced by the Note and late charges due under the Note.
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<br /> -- P--�g 2. 1lfontAly Paymsnt of '�'nxe�, Insursa�ue and Other Charges. Banower shall inclu@e in each monthly
<br /> j'"�..`"`.. a ment.to ether wlth the rinci al and interest as set forth in die Note and any lat�charges,a sum for(a)ta�ces and
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<br /> ':. ",."��1 spac[al asstssments levied or to be levied against the Froperty, (b) leasehold payments or grovnd rents on the Yl:
<br />'_.;�'.�,: . �:>. Properiy.and(c) pnmiums for insurance cequired under paragraph 4. Ilm viy year in which the I.ender must pay a ;,.�.
<br /> '' '"'�`�� mortgage insurance premium to the Secretary of Housing and Urban Development('Secretary"), or in any year in =__
<br />,� � ,� '•, which suc6�remium would have bcen required if i.ender stiil held tlie Securiry Instrument,each monthly paymer.t --- -
<br />�^'•' shall also include either:(i)a siun for the annual mortgage insurance pnemium to be paid by L.ender to the Secretary, _
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<br />_._.�;�.,, or(ii)a montiily charge instead of a mortgage insurance pmmiam if this Security Instrument is held by the Secretary,
<br />�•- in a reasonable amaunt to be determined by tha Secretary. Except for the monthly charge by the Se�retary, these __
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<br />`,�, �� items�e called'Escrow Items" and the su:ns�aid to Lender are called"Escrow Funds.' �
<br /> ". ���' ' Lender rnay, at any dme, collect and hold amounts for Escrow Items im aa a�gregate amoune not to e�ceed the �_I
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<br />_ �� '����;� maximurn amount thac may be required for Borrower's escrow account under the Real Estate Settlement ProcEdun:s
<br /> `s:':`'.� �r_�:
<br /> • � Act of 1974� 12 U.S.C. Sa:tion 2601 et seq. and implementin� regulations, 24 CFR Part 3500, as t�ey may be �
<br /> ,�'•�• � amended fcorn«asr,e to time(°RESPA"). eacc:pt that die cushion or msen�e per►�ned by RESPA for un�nticipated ;j;a;�,
<br /> ` ,;,,;:;� disbunements or alisbursements befote the�arrower's payments are availnble in the account may not be based on ;__
<br /> . ;,;,;,�, amounts due tor the mongage insurance premium. '�~;
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